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<br /> <br />- 9 - <br />• MORRISON AVENUE <br />The total project cost for the rehabilitation of Morrison Avenue is estimated at <br />$195,000.00. There are 20 residential properties along Morrison Avenue. <br />The property in the southeast corner of the cul-de-sac has an address on <br />McMenemy Street and there does not appear to be any developable land on <br />this lot accessible from Morrison Street. Therefore we are proposing no <br />assessment for this parcel resulting in a total of 19 assessable units. The <br />project costs eligible for assessment total $184,600.00 and include both <br />general street improvement items and the replacement of all driveway access <br />curb. Based on a 50/50 sharing of the assessable costs the assessments <br />total $92,300.00. <br /> <br />Table 2 summarizes the total project cost that will be borne by the City and the cost that <br />will be assessed to the benefited properties assuming all properties choose to have their <br />driveway curb entrances replaced. A preliminary assessment roll has been prepared and <br />is shown in Appendix C. <br /> <br />Table 2 <br />City Costs vs. Assessable Costs <br /> <br />LOCATION TOTAL <br />COST <br />CITY <br />COST % CITY ASSESSED <br />COST <br />% <br />ASSESSED <br />ASPEN CIRCLE $193,000.00 $105,725.00 54.8% $87,275.00 45.2% <br /> <br />DEMONT AVENUE $190,400.00 $102,200.00 53.6% $88,200.00 46.4% <br /> <br />MORRISON AVENUE $195,000.00 $102,700.00 52.7% $92,300.00 47.3% <br /> <br />TOTAL $578,400.00 $310,625.00 53.7% $267,775.00 46.3% <br /> <br />Notes: The table shows the full assessed value which includes deferrable assessment <br />amounts. <br /> <br /> <br />XII. SUMMARY <br /> <br />The project is feasible from an engineering standpoint and meets all standards set forth <br />by the City. The rehabilitation of these streets would be another step in improving the <br />street infrastructure within Little Canada and advancing the pavement management <br />program.